Cormark Downgrades Northland Power (TSE:NPI) to Hold

Northland Power (TSE:NPI) was downgraded by analysts at Cormark from a “moderate buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports. Cormark also issued estimates for Northland Power’s FY2025 earnings at $0.47 EPS.

A number of other brokerages also recently issued reports on NPI. TD Securities raised their price target on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Raymond James dropped their price target on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. Scotiabank dropped their target price on Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. CIBC lowered their target price on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Finally, National Bankshares cut their price objective on shares of Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$27.21.

Northland Power Trading Down 0.1%

NPI opened at C$20.69 on Thursday. Northland Power has a 12 month low of C$16.14 and a 12 month high of C$24.88. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The stock has a 50-day moving average of C$19.07 and a 200 day moving average of C$18.89. The firm has a market cap of C$5.43 billion, a P/E ratio of -37.90, a P/E/G ratio of 0.71 and a beta of 0.47.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term.